Rankings Financial data & insurance broking Goldman Sachs
Goldman Sachs
83
15070100
A view of the same findings, not a new score. How it works
A strong score: the model found few serious problems, but analysts see limited upside from here.
Biggest deductions
- Multiples vs own history−9
- Quality of growth−4
- Capital markets and macro−3
Strengths
- Dividend and buybacks+3
- Order book+1
- Growing fee business+1
How the score is built
From 100 to 83, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 2 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 898.72 USD
- Median analyst target
- 1,000 USD
- Upside to median
- +11.3%
- Analysts
- 26
- Target range
- 730.00 – 1,250 USD
- 52-week change
- +14%
- P/E (trailing)
- 12.9
- Forward P/E
- 12.4
- PEG
- 0.81
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 2 findings−5 of −30
- −4Quality of growthQ2 revenue +39% to USD 20.3bn was driven by equity trading (+72% to a record 7.42bn) and investment banking fees (+55%), i.e. peak-cycle revenue; ROE has swung between 7.2% and 20.8% in 2021-2025, and analysts expect Q3 EPS of about USD 13-15 versus 20.98 in Q2.
- −1CostsOperating expenses rose 26% to USD 11.67bn in Q2, and management expects non-compensation expenses to rise by more than USD 500m from Q2 to Q3.
Price
Today's multiples against the company's own history and its peers. · 2 findings−11 of −35
- −9Multiples vs own historyP/B 2.47 (P/TBV 2.70) versus 1.03-2.20 in 2021-2025, a record level; trailing P/E 13.9 versus 6.3-17.0 with forward P/E 13.9, so the market expects no EPS growth from a peak. The share price is 2.5 times the level at the end of 2023 (363.8 → 895.3).
- −2PeersP/TBV 2.70 close to JPMorgan (2.97), but with far more volatile earnings and lower TTM ROE (16.9% versus 17.8% and ROTCE 23% excluding one-offs); a large premium to Bank of America and Wells Fargo (about 1.8).
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 4 findings−7 of −35
- −3Capital markets and macroGlobal M&A value fell from a record USD 1.8 trillion in Q2 to about 1.23 trillion in Q3, several IPOs (Oura, Holtec) have been postponed, and Jefferies reported weaker fixed income trading; bank stocks have had their worst month against the S&P 500 since 1990. GS trades about 10% below its 50-day average (895 versus 990).
- −2Private creditGoldman Sachs BDC has had rising non-accrual loans, Fitch has lowered its outlook, and lenders have cut a credit facility from 245 to 175m USD; the bank is heavily exposed to alternatives and private credit at a time of rising short interest against the sector.
- −1Litigation and complianceGoldman agreed a 500m USD settlement in 2026 in the shareholder class action over the 1MDB case; yet another residue of the old scandal.
- −1
Plus
Only documented strengths. · 3 findings+5 of +15
- +3Dividend and buybacks5.36bn USD distributed in Q2 (4.0bn buybacks and 1.36bn dividends) against net income of 6.63bn; share count -4.7% over a year and the dividend raised 25% to 5.00 USD/quarter. CET1 rose to 12.9% (standardised).
- +1Order bookThe order book for investment banking fees rose both compared with the end of Q1 2026 and the end of 2025.
- +1Growing fee businessRevenue in Asset & Wealth Management rose approx. 20% year on year in Q2, making earnings less dependent on trading.
Caveats
What the score does not capture, or where the data is weak.
Q3 report 13 Oct. 2026 before the open; the score is from before the report (data at 11/10-2026). Investment bank: EV, ROIC and FCF are not meaningful; valuation on P/TBV and P/E. Earnings fluctuate with the capital markets, and Q2 was a record quarter. Only 5 years of multiple history (2021-2025) retrieved
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